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partner ist schon lange da: "Quest diganostics owns 860k shares so they are in this big time. They also have the exclusive rights to the test for three years." und dazu noch gestern abend after hours: 6:05PM Vermillion Inc announced in the 8-K the U.S. Bankruptcy Court for the District of Delaware issued an interim order authorizing the co to enter into a DIP financing agreement with Quest Diagnostics (VRMLQ) 13.50 +2.50 : On September 29, 2009, the United States Bankruptcy Court for the District of Delaware in Case No. 09-11091, issued an interim order authorizing the co to enter into a DIP financing agreement with Quest Diagnostics (DGX) for up to $1,500,000 of financing and authorizing the assumption of the Strategic Alliance Agreement (the "Alliance Agreement"), as amended, with DGX. The interim order authorizes the borrowing of up to $900,000 of the $1,500,000, subject to a budget, and grants Quest certain liens, super priority expense status and certain other rights. Amounts borrowed under the DIP agreement will bear interest at prime plus 0.5% and be payable on February 26, 2010, or earlier if the Bankruptcy court approves a plan of reorganization, or as provided under the financing agreement. Pursuant to the terms of the amendment to the Alliance Agreement, among other provisions and subject to its terms, Quest and Vermillion received approval to extend the base term of the Alliance Agreement, as well as the maturity of its pre-petition credit agreement, to February 29, 2012. The final hearing for final approval is scheduled for October 16, 2009. |
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| aus der Diskussion: | VERMILLION INC. scheint super zu sein! |
| Autor (Datum des Eintrages): | haubi1973 (06.10.09 14:51:01) |
| Beitrag: | 167 von 467 (ID:38123250) |
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